Chief govt Patrick Cullen, finance director James Invoice and non-executive director David Cockbill all took half within the fundraise
Irish gold explorer Firm PLC () has raised £230,000 to assist assist ongoing exploration actions at its Mine River gold venture in County Wexford.
Chief govt Patrick Cullen, finance director James Invoice and non-executive director David Cockbill all put their arms of their pockets, shopping for a mixed £25,000 price of shares.
READ: Drilling on schedule at Connemara’s Stonepark zinc project
In complete, 18.4mln new shares have been issued to administrators and different current shareholders at 1.25p every.
For every share subscribed, buyers obtained one warrant which could be exercised at a worth of 1.8p at any time earlier than 11 September 2020.
Connemara stated it could present extra particulars at subsequent week’s normal assembly when it would suggest altering its identify to Arkle Sources PLC.
Shares rose 3.2% to 1.29p on Tuesday afternoon.
